What if Ukraine's situation escalates?

[sgd]

I think the russians have wide body jetliners I hear they really cheap but I always felt they looked like vintage gas guzzler nobody seems to buy them except maybe in african nations

http://www.youtube.com/watch?v=epYiIMl4W4U

[sgd]

Press statement following talks

http://eng.news.kremlin.ru/transcripts/7200

PRESIDENT OF RUSSIA VLADIMIR PUTIN: President Xi Jinping, ladies and gentlemen, friends,

Today in a traditionally friendly and business-like atmosphere, we have covered a broad agenda of Russian-Chinese cooperation and set ourselves ambitious goals and established long-term milestones. We have signed a number of important bilateral documents. Relations between Russia and the People’s Republic of China are developing successfully and have reached a new level of comprehensive partnership and strategic cooperation.

During our negotiations, we paid special attention to economic issues. China is Russia’s leading foreign trade partner. Last year, trade turnover between our countries amounted to almost $90 billion, and we will work to bring it to $100 billion. We have everything we need to achieve this.

A Russian-Chinese Investment Committee has been set up to continue efforts to expand mutual investment. There are a number of major business initiatives in the energy sector. We are working in all areas, and we are making progress everywhere.

In the course of the meeting, we also considered ways of diversifying trade and reducing its dependence on the global economic situation. We will promote cooperation in technology-intensive areas, such as civil aviation. We have good prospects here, projects to create wide-bodied aircraft and civil heavy-lift helicopters. We are also developing cooperation in car manufacturing.

Cooperation between banks is also growing, and we will continue developing the financial infrastructure. Work is underway to increase the amount of mutual payments in national currencies, and we intend to consider new financial instruments.

Cooperation in military technology, supervised by our countries’ defence ministries, is a separate issue. This is an important factor of stability and security in the region and the world at large.

We see a great future in expanding cooperation between individual regions of our countries. A number of Russian regions, including such metropolitan cities as Moscow and St Petersburg, as well as the Volga Region and others, are cooperating directly with partners in China.

Humanitarian ties are becoming ever more important. In March, we launched reciprocal Youth Friendly Exchanges years. We also resolved to create a Russian-Chinese University on the basis of Moscow State University and Beijing University of Technology.

Mr President has already said that the historical memory of the great heroism of our peoples in World War II brings Russia and China even closer. We have agreed to hold joint celebrations to mark the 70th anniversary of Victory.

In the course of our detailed exchange, we also covered international issues. I will note that the positions of Russia and China largely coincide. We share the same priorities both on a global and regional scale. We have agreed on closer coordination of our foreign policy actions, including those made within the framework of the UN, the Shanghai Cooperation Organisation, BRICS, APEC and the Conference on Interaction and Confidence Building Measures in Asia, which begins its meeting tonight.

I am grateful to the President of China and to all our Chinese friends and partners for a very constructive meeting held today and earlier as we prepared the visit. Thank you for the invitation to visit the People’s Republic of China and to attend the coming events. I am happy to accept.

Thank you.

May 20, 2014, 10:30Shanghai

[tikam tikam]

I think the russians have wide body jetliners I hear they really cheap but I always felt they looked like vintage gas guzzler nobody seems to buy them except maybe in african nations

http://www.youtube.com/watch?v=epYiIMl4W4U

I think every time you make a criticism you might be inadvertently "killing yourself" and should consider to stop

Let's all try to refrain from posting unnecessarily, or at least not giving an aye for a nay.

[sgd]

I think the russians have wide body jetliners I hear they really cheap but I always felt they looked like vintage gas guzzler nobody seems to buy them except maybe in african nations

http://www.youtube.com/watch?v=epYiIMl4W4U

I think every time you make a criticism you might be inadvertently "killing yourself" and should consider to stop

Let's all try to refrain from posting unnecessarily, or at least not giving an aye for a nay.

Even MM Lee have flown in russian made aircraft in past and made comment about it is just his opnion.

if criticism is not baseless or backed by some kind of "artifact" should be ok ba I think.

I'm not saying russian equipment are lousy they do make many good advance equipment we have also bought things from them like mistrals. A lot of the equipment that the Americans don't want to sell to us because sensitive the russians are usually more than willing to provide equivalent system at much lower prices. The russians are flexible to do business with compared to many countries you can even barter trade with them like malaysians mig-29 fighters jets for palm oil barter deal some years ago

[specuvestor]

I think this article is referring to US being a current exporter of oil but not yet a net exporter of oil, but it is indicative of the current trend

http://washpost.bloomberg.com/Story?docI...2L5KGQ7OMS

"U.S. oil exports are set to surpass a record held since 1957 as traders find ways around a four-decade ban on supplies leaving the country.

The U.S. sent 401,000 barrels a day abroad in July, 54,000 shy of the record set in March 1957, according to data compiled by the Energy Information Administration, the Energy Department’s statistical unit. While Canada accounted for 93 percent of the shipments, Italy, Singapore and Switzerland also took oil from U.S. ports. Coupled with Alaskan supplies bound for Asia, total U.S. exports will reach 1 million barrels a day by the middle of 2015, according to Citigroup Inc."

I think it is important to read the totality of my statement. Like many others, I think shale is the key determinant. But unlike many others I question the 2 assumptions that I listed. I am not an energy expert but I try to fit theories with observations in the real world and extract what are most important factors, rather than focus on being academic about it.

I don't know if US will be energy exporter due to legislation and strategic considerations, but let's be precise and say zero importer. Based on the projections and the 2 assumptions, I am inclined to think that if anything, it will happen between the period 2020-2025. At the least I think US is striving to be just marginal importers of oil from OPEC. This is a geopolitical consideration. To be energy self sufficient is more important than zero importer of oil.

US is a top 3 oil producing country, with some predicting to be the largest producer within 10 years. Difference between US and OPEC is that it is also the largest consumer of oil. To be self sufficient it may not even be a 18m bpd supply issue. US gasoline prices are amongst the lowest in the world and it consumes 50% more oil than EU.